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Cognizant We are selling our position in Cognizant shares at last night’s closing price of $75.10/share. We have held 153 shares in the portfolio over the past year that we bought at a price of $$70.90. The sale will provide us with a return of about 6% in addition to the dividend that Cognizant has…
Summary NetApp reported another very strong quarter in the last couple of days. Much of the upside was a function of some very large deas called ELA’s with the largest enterprise customers using NetApp’s Data Fabric. The company enjoyed gross margins significantly above its expectations-really above its aspirational goals. Once again, the company issued highly…
New Relic New Relic continued to achieve positive operating performance in the quarter it recently announced. The beat was relatively modest, as those things go, and compared to some of the other blowouts seen this reporting season. On the other hand, continuing to grow 35% at scale is no mean achievement and speaks both to…
Pegasystems Pegasystems reported its quarterly results last week to almost deathly silence. The share price didn’t move and the volume remained at low levels. It is a name that gets little respect and even less interest-and I think that is really a mistake. The company, like almost all other old-line software vendors is moving-rapidly-to a…
Summary Shopify reported the results of its fiscal Q2 a few days ago. While the results were a beat and raise quarter, the magnitude of both was not satisfactory to investors, at least initially. The company saw some deceleration in the growth of its MRR metric. The company’s guidance has been set such that operating…
As I think most readers know, Twilio shares are up 20% this afternoon to a new all-time high. I am obviously pleased with the company’s performance which has certainly been more than satisfactory. I wish I could reprise the performance all of the time-that just will not happen, of course. I am also pleased with…
Impinj Investing can be a complicated affair. The saga of Impinj is a metaphor for that. One of these days, RFID is going to become a mainstream technology and become broadly accepted. I thought that RAIN, not the kind coming from the sky, but from the standard developed by Impinj and others, would be the precipitating…
ANET reported its quarterly earnings Thursday evening. While the results were a beat and the forecast was increased, clearly, investors had been hoping for more than they got. The shares sold off 5% on Friday, and are up just 11% YTD. Given the growth cadence of this company, valuation has compressed noticeably, certainly in terms of EV/S but…
Nutanix announced today that it intended to buy a company called Frame. It is modest sized acquisition said to be worth $165 million according to 3rd party sources. Presumably, its funding has been more substantial than the $29 million that has been publicly revealed given the costs inherent in employing 167 technically oriented employees are almost…